EX-10.6
from 10-Q
2 pages
If You Remain Continuously Employed by the Company or One of Its Subsidiaries Through the First to Occur of the Qualifying Dates Described Below in This Section and Satisfy the Other Terms and Conditions in This Letter Agreement, You Will Be Eligible to Receive a Six Hundred Sixty Thousand Dollar ($660,000) Retention Bonus (The “Retention Bonus”) Payable by the Company or Its Assignee in a One-Time Lump Sum Payment Less Applicable Withholding, at the Earlier of March 1, 2025 or Within Sixty (60) Days Following the Applicable Qualifying Date. the “Qualifying Dates” Must Occur by March 1, 2025 and Are: •employment Through March 1, 2025; or •the Date on Which the Closing of a Qualifying Sale (Defined Below) Occurs (The “Closing Date”); or •the Date on Which the Company Cancels or Withdraws From a Contract or Agreement the Closing of Which Would Constitute a Qualifying Sale, Unless the Company Does So to Pursue Another Arrangement of Sale for Its Glass Reinforcements Business (Defined Below); or •the Date on Which the Company Completes a Strategic Disposition of the Glass Reinforcements Business (Defined Below) Other Than a Qualifying Sale, Such as a Spin-Off, as Determined by the Board (Defined Below) in Its Discretion
12/34/56
